There is a lot more involved in buying your dream US property than just deciding you’d like to do so. The buying process is different from the UK, and therefore there are a number of financial and legal considerations that you will need to successfully navigate.

 

 

Our team know that there are three key ingredients to a successful purchase, in fact, we consider them so important that we refer to them as our “Golden Three”

We have helped thousands of people buy property in the USA over a decade. Our team know that there are three key ingredients to a successful purchase, in fact, we consider them so important that we refer to them as our “Golden Three” :

  • A trusted estate agent
  • A currency specialist
  • An independent solicitor

Having the Golden Three in your camp from early on in your buying journey will ensure you’re equipped with the support, advice and guidance of those in the know. They will be able to help you plan ahead, negotiate any obstacles, and avoid making mistakes.

Your trusted estate agent

Real estate is big business in the USA, and you’ll find that many realtors are local celebs – you’ll see their faces plastered on ‘For Sale’ signs, and across benches and buses across town. So, how can you possibly know which agent to choose when there are so many options? First off, you will need to identify the areas you potentially want to buy in, and then determine which agents operate in those areas that have properties that fall within your budget. A good realtor will be incredibly knowledgeable about the local area and its surroundings, will be able to answer all questions and concerns that might crop up, and will listen to your needs to ensure you don’t waste time looking at properties that don’t suit. As realtors are a dime a dozen nothing beats a personal recommendation. Knowing that your agent has been tried, tested, and has produced the right results, will put your mind at ease that you’re in safe hands.

Your expert currency specialist

As with any move overseas, when you buy in the USA, the time will eventually come when you need to transfer pounds into a new currency in order to complete the purchase. Buyers often opt to make these international transfers at their local bank – not knowing that this option is slower, and more costly than it should be.

Smart Currency Exchange is the UK’s only currency specialist focusing specifically on the international property industry.

When transferring your sterling into dollars, we recommend enlisting the services of a currency expert such as our preferred partners, Smart Currency Exchange. Smart Currency Exchange is the only UK currency specialist focusing specifically on the international property industry. By signing up early in your process for a free, no-obligation account you gain invaluable access to their expert knowledge before your viewing trip. Upon opening your account, you will immediately be allocated a personal account manager who will talk through your plans, discuss your needs and timeframes, and offer suggestions on how they can help you save on your international transfers. They can safely and securely transfer your funds, and by locking in favourable exchange rates, can save you up to 4% on every transaction.

Your independent solicitor

The final essential ingredient to a successful purchase is an independent solicitor who can guide you through the tricky financial and legal implications of buying in the USA. A solicitor boasting expert knowledge of the USA buying process will be vital to the success of your move as they will have tackled each stage time and time again. They will draw your attention to, and explain, the intricacies of the process, and help you with matters such a planning permission issues, and inheritance tax.

Let the USA Property Guides team take the stress out of your buying journey. Complete this form to be put in touch with a trusted Golden Three of property professionals.

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